You are given the following data for a project that is to be evaluated using the APV method.

Year	0	1	2	3
EBIT		$127,000	$133,000	$138,500
CAPEX		$60,000	$40,000	$10,000
Depreciation		$72,000	$80,000	$84,000
Increase in NWC		$50,000	$60,000	$30,000
Year-end net debt	$80,000	$100,000	$140,000	$140,000

Cost of net debt = 8%

Unlevered cost of capital = 11.8%

Corporate tax rate = 30%

Calculate the total value of the project at t = 0, using the APV method.

Group of answer choices

$185,617

$193,822

$213,918

$201,765

$222,872